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20130228
20130228
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. >>> president obama plans to meet with leaders to discuss the spending cuts friday. the white house press secretary said it will be a chance to discuss how to keep the cuts from damaging the economy. it will be a chance about how to cut spending without raising taxes. stocks rose today on evidence housing is recovering. the dow is up 175 to 14,075. the nasdaq is up 32 at 3,162. the s&p is up 19 to 1,515. >>> today pg&e announced it is partnering with san francisco on a $1.2 billion program to upgrade the gas and electric infrastructure. ktvu's consumer editor tom vacar is live in san francisco with details and also the controversy. tom? >> reporter: yeah. it will cost a lot of this. in fact this program is centered in san francisco, and next year every pg&e customer will pay more if the plan is amoved. >> reporter: the $1.2 billion plan was shaped by pg&e and the mayor's staff to maximize the needs for reliability, safety, growth and emergency response. adding new and relocating some existing power lines. upgrading major substations, replacing street lamps and many miles of natural gas pi
percent approve. this comes as the obama administration face as deadline today on whether to weigh in on the proposition 8 case before the supreme court which will hear arguments next month in an interview you saw only on abc7 the president told dan ashley he wants to make sure his administration doesn't interject too far into the case but the president did add that the couples should have the right to marry. we report that lawyers for the white house will show sympathy of gay rights but stop short of saying states can never ban gay marriage. >> day until massive federal budget cuts kick in across the board in washington, dc, and we learn how california will feel the impact if a deal is not reached. there would be an impact. >> there would, kristen. president obama is saying people will not feel the impact right away but we are talking $85 billion some of which is earmarked for california. the white house says 64,000 civilian defense workers could be furloughed and an economist in los angeles says 175,000 nondefense jobs could be at risk schools in california could lose billions in
the bay area and through the central plains. >> pam: president obama is talking about the budget cuts. that is the same date that these cuts could take effect. he is not serious about entering the sequester or ending the sequester --. this is looking to end with trimming $85 billion over the months and 85 trillion dollars over a decade. the months ayou can't move the tv there. yuh-huh. we have a wireless receiver. listen. back in my day, there was no u-verse wireless receiver that let you move the tv away from the tv outlet. we can move it to the kitchen, the patio, the closet and almost anywhere. why would you want a tv in the closet? [ both laugh ] ♪ [ fancy voice ] brilliant idea, darling. ♪ [ female announcer ] the wireless receiver. get u-verse tv for just $19 a month for 1 year when you bundle tv and internet. rethink possible. now for today's market update. street. >> pam: stocks closed sharply higher for a second day as evidence mounts that the housing market is making a comeback. close at 14- thousand- 75, its highest close of the year. it's up nearly 300 points over the
in tomorrow. president obama and congressional leaders are scheduled to meet tomorrow the day of the deadline. white house spokesman jay carney says, the friday talks are intended to be a constructive discussion about how to keep the cut from having a forharmful consequences. >> to prepare for those cuts federal immigration authorities have released hundreds of detainees. authorities say, they were in the process of being removed from the u.s. the release is just the latest example of the unintended consequences to come from the force spending cuts. meantime, the white house says, they were not notified. >> meanwhile here in california the san bernadine no county officials have calculated just how much the sixth day manhunt for former lapd officer christopher dorner cost. the price tag for the surgeon investigations comes to about $550,000. the figure includes the sears departments lead search of the san bernardino mountains involving 10 other agencies. dorner was founded in a burn cabin after a shootout with police earlier this month. >> let us turn to our weather with erica. >> good morning
at risk and fly delays and fewer vaccines for kids. president obama this morning is saying people will not feel the full effect right away. also this morning, he is backing off the most severe warning, at a dynel we are business leaders rather than calling the cuts a fiscal cliff, president obama described the fallout of more of a tumble down work. $85 billion is coming out of the economy in less than 48 hours unless lawmakers can compromise. >> i have not seen things done in two days in washington, dc in some time. on the other hand, the good news is the public is paying attention to this and we are still ready to work with them to get something responsible passed. we can't do it alone. >> that was katie marzullo. >> he said democrats must accept some changes to government entitlement programs. the nonpartisan congressional budget office is weighing in and it finds the white house-backed legislation in the senate would raise the deficit through the end of the budget year by tens of billions. live in the newsroom for abc7 news. >> oakland mayor is focused on adding 200 new police
Search Results 0 to 4 of about 5